Choice Hotels International, Inc. (CHH) to Release Earnings on Thursday
Choice Hotels International, Inc. (NYSE:CHH) will release its earnings data before the market opens on Thursday, November 2nd. Analysts expect Choice Hotels International to post earnings of $0.92 per share for the quarter. Choice Hotels International has set its Q3 guidance at $0.90-0.92 EPS and its FY17 guidance at $2.81-2.86 EPS.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. On average, analysts expect Choice Hotels International to post $2.85 EPS for the current fiscal year and $3.16 EPS for the next fiscal year.
Choice Hotels International, Inc. (CHH) opened at 67.75 on Thursday. The stock has a market cap of $3.80 billion, a P/E ratio of 25.03 and a beta of 1.12. Choice Hotels International, Inc. has a 12-month low of $44.80 and a 12-month high of $68.80. The company has a 50 day moving average of $64.45 and a 200-day moving average of $63.79.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were issued a $0.215 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.86 annualized dividend and a yield of 1.27%. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.
In other Choice Hotels International news, major shareholder Bruce Bainum sold 20,770 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total value of $1,287,740.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Pepper sold 10,217 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $61.07, for a total value of $623,952.19. Following the completion of the sale, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,320 shares of company stock worth $2,490,287. Insiders own 22.01% of the company’s stock.
A hedge fund recently raised its stake in Choice Hotels International stock. The Manufacturers Life Insurance Company grew its stake in Choice Hotels International, Inc. (NYSE:CHH) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,651 shares of the company’s stock after purchasing an additional 106 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 at the end of the most recent quarter. 50.30% of the stock is owned by institutional investors and hedge funds.
CHH has been the topic of several research reports. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub downgraded shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG cut their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Barclays PLC reiterated an “underweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Finally, TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.14.
About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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